Denver, Colorado, 2nd March, 2022, Chainwire
Continues Drive in Domestic Market Growth
Xcalibra, assisted by international law firm McDermott Will & Emery LLP, has just obtained “no action” relief from Colorado. Xcalibra is now permitted to immediately launch its cryptocurrency exchange in Colorado.
This pivotal development comes quickly after the high-performance crypto-exchange registered as a money service business with the US Department of the Treasury Financial Crimes Enforcement Network (FinCEN) in January of this year.
Xcalibra sought “no action” relief in Colorado. Colorado agreed with Xcalibra’s submission and issued a determination that Xcalibra can immediately begin to offer its cryptocurrency exchange to Coloradans.
Mr. Daniel Dabek, The founder of Xcalibra, commented, “Colorado is a booming economy and I am glad that we are able to steward the cryptocurrency and blockchain industry in the state. Our crypto exchange is now “Colo-radofied” and will be able to bridge direct USD trading in Colorado with the top cryptocurrencies in the world. This is a huge step toward our goal of offering global cryptocurrency trading.”
Xcalibra’s lead counsel Joseph B. Evans, partner at Mcdermott Will & Emery LLP stated: “We are impressed by Colorado’s thoughtful decision to open its doors to Xcalibra. The Division of Banking took a progressive approach in considering and granting our “no action” application. We look forward to rolling-out Xcalibra across the United States.”
Xcalibra will continue to roll out its platform nationwide. Xcalibra is seeking “no action” relief and money transmitter licenses across the United States. It is invigorated to continue down its regulatory and licensing path and will soon empower users across the country to use its fully compliant platform to trade cryptocurrencies.
Xcalibra is a state-of-the-art digital asset exchange where users can buy Safex, Bitcoins, Ethereum, and other cryptocurrencies. With a commitment to speed and security, Xcalibra enables users to purchase cryptos in a range of desirable and efficient methods and deposit their crypto assets with zero fees. Fast trades, selective asset listings, and first-grade security ensure that Xcalibra puts the customer’s needs at the forefront of every initiative. Learn more about www.xcalibra.com or follow @tradexcalibra on Twitter.
Marketing & PR Liaison
- Shannon Swimm
- Sempre Group
- [email protected]